CTC's goal is to build public support for a revenue-neutral tax on carbon emissions, meaning a tax on carbon emissions coupled with a reduction in the federal payroll tax or state sales taxes. CTC's preferred tax begins at $37/ton of carbon, and is scaled up over ten years to $370/ton of carbon. Structuring a carbon tax so that it is revenue-neutral offers several advantages:
a) coupled with reductions in the payroll tax, a carbon tax will not make the U.S. tax code more regressive
b) revenue-neutrality will be critical to attracting the political support necessary to get the per unit tax rate high enough where it can make a sufficient dent in emissions
c) existing U.S. subsidies to alternative energy have wrought only harm - namely a boom in corn ethanol that raises food prices, brings no net reduction in carbon emissions, and distorts incentives for producers of genuinely clean energy - thus it makes more sense to return extra revenue to the taxpayers rather than to let lawmakers pursue more wrongheaded subsidies
Read more about these points on the CTC website; maybe even think of someone to fund our conference!
1 comment:
There's a chance you're eligible for a new government sponsored solar rebate program.
Find out if you are eligble now!
Post a Comment